Annexure B
    7.1.22
    Annexure B
    p. 42

    Life Assurance

      Life Assurance - should be reasonable. Sometimes an insurance policy can be suspended for a period.

    NDRC Practice NoteLast reviewed 2026-04

    What this means in practice

    Life cover linked to a credit agreement (a ceded policy) stays in force at the contracted premium. Standalone life cover beyond reasonable family need is reduced or moved into the discretionary list.

    Drawn from NDRC's active case work. For your situation, see our debt counselling overview.

    Cite this clause

    National Credit Regulator. (2015). Annexure B — Debt Review Assessment Guidelines, clause 7.1.22: Life Assurance. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 42.

    Related clauses

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    7.1.23 Credit Life - money that a consumer pays to an insurance company
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    Based on NCR Guideline 001/2015, p. 42. For NDRC's interpretation and application, see our debt counselling overview. Download original PDF.